Production and Market of Azoxystrobin in China - Market Report

Azoxystrobin
is a systemic fungicide commonly used in the agricultural sector worldwide. The
chemical is utilised as an active agent protecting plants, fruit and vegetables
from a wide variety of common fungal diseases. After all, it possesses the
broadest spectrum of activity of all known antifungals currently. The effective
functionality of azoxystrobin grants it the only counteragent that has the
ability to protect against the four big groups of fungal and fungal-like
diseases.

It
is able to prevent or cure powdery mildew, downy mildew, rust and rice blast
diseases. In agriculture, the post-emergence fungicide is used mainly for
cereals, besides grape vines, cereals, potatoes, apples, bananas, citrus, tomatoes
and other crops.

Azoxystrobin
was first introduced in 1998 and can be applied as a foliar spray or a
soil-treatment prior to planting, as it has a residual effect.

As
a well-established product with a sales volume beyond 1 billion, Azoxystrobin has
been rapidly growing since 2010 in China. The capacity of Azoxystrobin TC has
risen remarkably with more than 73 registered Azoxystrobin TC and around 350
Azoxystrobin formulation. Compared with the trade brand Amistar by Syngenta,
Chinese enterprises have released their own Azoxystrobin brand products, such
as Nongjingling (48% difenoconazole Azoxystrobin SC) from Huizhou City Silver,
Dingmao (30% difenoconazole Azoxystrobin SC) from Shenzhen Noposion, and Hemei
(250g/L Azoxystrobin SC). However, the Chinese azoxystrobin market development
is still behind the market leader of Syngenta.

Nevertheless,
China’s azoxystrobin industry has shown an impressing progress over the last
decade, creating a more important role in the worldwide market. More registrations
have appeared and more azoxystrobin producers come out accordingly. As of H1
2017, there were 14 major producers of azoxystrobin technical in China, among
which, there were 11 active producers.

As
a result of the constant development, from 2011 to 2016, the annual ex-works
price of azoxystrobin technical as well as formulation decreased in China.

From
2011 to 2016, China exported azoxystrobin products to more and more countries
and regions and the number of exporters increased year by year. The top export
regions are neighbours in South and South-east Asia as well as South America.

Thanks
to increasing demand for azoxystrobin at in China and abroad, it is forecasted
that during the next years, China's total output of azoxystrobin is going to
keep increasing and the total export volume of azoxystrobin will continuously
increase.

After
the patent of azoxystrobin expired in Feb. 2010, more azoxystrobin producers
have appeared in China in recent years. With the number of azoxystrobin
producers increasing, the competition among azoxystrobin producers has become
intense in China these years. Some of the small azoxystrobin
producers have set their azoxystrobin production lines into idle or stop
status, while large producers increase their capacities for azoxystrobin
production. More and more market share is held in large producers' hands in
China's azoxystrobin market.

The
report is a value analysis of azoxystrobin as well as its main raw materials in
China. It serves as a guide for investment and business decisions for market
players and those who want to be. Readers of the report can find opportunities
to invest in the right areas and go ahead of competitors.